“If each member of society can be induced or impelled to do his allotted task by associating it with some motive that appears to him adequate, then he need never know how he is contributing to the real end, and need not even be aware of the end at all. It is this problem of organization that we shall call the Economic Problem. It is in fact the real subject matter of political economy.”

—  Ralph George Hawtrey

Source: The Economic Problem (1925), Chapter I, "The Problem Profounded", p. 3.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "If each member of society can be induced or impelled to do his allotted task by associating it with some motive that ap…" by Ralph George Hawtrey?
Ralph George Hawtrey photo
Ralph George Hawtrey11
British economist 1879–1975

Related quotes

“The problem solver needs to stand back and examine problem contexts in the light of different “Ws” (weltanschauungen). Perhaps he can then decide which “W” seems to capture the essence of the particular problem context he is faced with. This whole process needs formalizing if it is to be carried out successfully. The problem solver needs to be aware of different paradigms in the social sciences, and he must be prepared to view the problem context through each of these paradigms.”

Mike Jackson (1951) systems scientist

Source: Towards a System of Systems Methodologies (1984), p. 473

Denis Healey photo

“By the end of next year, we really shall be on our way to that so-called economic miracle we need.”

Denis Healey (1917–2015) British Labour Party politician and Life peer

In an Ministerial broadcast on the Budget (6 April 1976).
1970s

James P. Gray photo

“‘It’s a rare person who wants to hear what he does not want to hear.’ To that comment I offer a corollary: ‘Friends tell friends the truth.’ The real problem in this area actually is not the drugs themselves. The real problem is that our citizens and our leaders simply will not look at the evidence, even though it is all around us. Our present policy is exacerbating the problems and will not stand up to scrutiny. What we really need to do is to open the subject to rigorous public debate.”

James P. Gray (1945) American judge

Source: Why Our Drug Laws Have Failed and What We Can Do About It: A Judicial Indictment of the War on Drugs, 2011, p. 15

Reinhold Niebuhr photo

“The measure of our rationality determines the degree of vividness with which we appreciate the needs of other life, the extent to which we become conscious of the real character of our own motives and impulses, the ability to harmonize conflicting impulses in our own life and in society, and the capacity to choose adequate means for approved ends.”

Reinhold Niebuhr (1892–1971) American protestant theologian

Source: (1932), pp. 27-28

Lindsey Graham photo

“Let's just get to the political heart of the matter, No matter what you want to call it, beyond border enforcement, a lot of people, particularly on our side, don't want to have a debate about this. Even if you debate it, you're wrong. Even if you're open-minded about compromise, you're wrong. It's a very simple answer to a complex problem. Send them all back. End of discussion, end of debate. Now that to me is not a realistic approach to a real problem.”

Lindsey Graham (1955) United States Senator from South Carolina

On immigration; articles.sfgate.com, 17 March 2006 accessed 4 February 2010 http://articles.sfgate.com/2006-03-17/news/17287919_1_guest-worker-plan-illegal-immigrants-border-crackdown-bill <br class="br">2000s

Peter F. Drucker photo

“We still think and talk of the basic problems of an industrial society as problems that can be solved by changing the system, that is the superstructure of political organization. Yet the real problems lie within the [industrial] enterprise. …our representative institution… a mirror in which we look when we want to see ourselves.”

Peter F. Drucker (1909–2005) American business consultant

1930s- 1950s, The New Society (1950)

Friedrich Hayek photo

“The Nobel Prize confers on an individual an authority which in economics no man ought to possess.
This does not matter in the natural sciences. Here the influence exercised by an individual is chiefly an influence on his fellow experts; and they will soon cut him down to size if he exceeds his competence.
But the influence of the economist that mainly matters is an influence over laymen: politicians, journalists, civil servants and the public generally.
There is no reason why a man who has made a distinctive contribution to economic science should be omnicompetent on all problems of society — as the press tends to treat him till in the end he may himself be persuaded to believe.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

1960s–1970s, Nobel Banquet Speech (1974)

Amartya Sen photo

“It is arguable that a closer contact between ethics and economics can be beneficial not only to economics but even to ethics. Many ethical problems have what we have been calling 'engineering' aspects, and some of them do, in fact, involve economic relations.”

Amartya Sen (1933) Indian economist

Chap. 3 : Freedom and Consequences
1990s, On Ethics and Economics (1991)

“Since economics deals with human beings, the problems of its scientific treatment involves fundamental problems of the relations between man and his world. From a rational or scientific point of view, all practically real problems are problems in economics. The problem of life is to utilize resources "economically," to make them go as far as possible in the production of desired results. The general theory of economics is therefore simply the rationale of life. - In so far as it has any rationale! The first question in regard to scientific economics is this question of how far life is rational, how far its problems reduce to the form of using given means to achieve given ends. Now this, we shall contend, is not very far; the scientific view of life is a limited and partial view; life is at bottom an exploration in the field of values, an attempt to discover values, rather than on the basis of knowledge of them to produce and enjoy them to the greatest possible extent. We strive to "know ourselves," to find out our real wants, more than to get what we want. This fact sets a first and most sweeping limitation to the conception of economics as a science.”

Frank Knight (1885–1972) American economist

Source: "The limitations of scientific method in economics", 1924, p. 97 (2009 edition); Lead paragraph

Henry Mintzberg photo

“We find that the manager, particularly at senior levels, is overburdened with work. With the increasing complexity of modern organizations and their problems, he is destined to become more so. He is driven to brevity, fragmentation, and superficiality in his tasks, yet he cannot easily delegate them because of the nature of his information. And he can do little to increase his available time or significantly enhance his power to manage. Furthermore, he is driven to focus on that which is current and tangible in his work, even though the complex problems facing many organizations call for reflection and a far-sighted perspective.”

Henry Mintzberg (1939) Canadian busines theorist

Source: The structuring of organizations (1979), p. 173

Related topics